We permit the publication of our auditors’ report, provided the report is published in full only and is accompanied by the full financial statements to which our auditors’ report relates, and is only published on an access-controlled page on your website https://www.hermes-investment.com, to enable users to verify that an auditors’ report by independent accountants has been commissioned by the directors and issued. Such permission to publish is given by us without accepting or assuming any responsibility or liability to any third party users save where we have agreed terms with them in writing.

Our consent is given on condition that before any third party accesses our auditors’ report via the webpage they first document their agreement to the following terms of access to our report via a click-through webpage with an 'I accept' button. The terms to be included on your website are as follows:

I accept and agree for and on behalf of myself and the Trust I represent (each a "recipient") that:

PricewaterhouseCoopers LLP (“PwC”) accepts no liability (including liability for negligence) to each recipient in relation to PwC’s report. The report is provided to each recipient for information purposes only. If a recipient relies on PwC’s report, it does so entirely at its own risk;

No recipient will bring a claim against PwC which relates to the access to the report by a recipient;

Neither PwC’s report, nor information obtained from it, may be made available to anyone else without PwC’s prior written consent, except where required by law or regulation; and

PwC’s report was prepared with Hermes Property Unit Trust's interests in mind. It was not prepared with any recipient's interests in mind or for its use. PwC’s report is not a substitute for any enquiries that a recipient should make. The financial statements are as at 25 March 2016, and thus PwC’s auditors’ report is based on historical information. Any projection of such information or PwC’s opinion thereon to future periods is subject to the risk that changes may occur after the reports are issued and the description of controls may no longer accurately portray the system of internal control. For these reasons, such projection of information to future periods would be inappropriate.

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Hermes EOS

Business Development and Client Service

Amy D'Eugenio – Head of Business Development and Client Service

Amy D'Eugenio leads Hermes EOS’ Business Development and Client Service team, which focuses on creating high value for those clients and organisations EOS works and interacts with. She has 12 years’ experience in professional services and has worked in the UK, the US and Australia. Her experience has centred on the design and implementation of development programmes for institutional clients across financial services, energy and resources, infrastructure and the public sector. Amy has a Bachelor of Commerce and Bachelor of Laws Honours degrees from the University of Adelaide.

Alan Fitzpatrick – Client Relations

Alan Fitzpatrick works in Hermes EOS’ Business Development and Client Service team. He has over eight years’ experience of client relationship management in various capacities. Prior to joining Hermes EOS, Alan was a corporate account manager for a leading business rates adviser. He has also worked as a relationship manager and in a sales support capacity for one of the leading life assurance companies in Ireland with a focus on developing clients’ business. Alan holds a degree in Marketing from the Marketing Institute of Ireland and professional diplomas in Digital Marketing, Financial Advice and Retirement Planning.

Rochelle Giugni – Client Relations

Rochelle Giugni works in Hermes EOS’ Business Development and Client Service team after previously engaging in the consumer goods and retail, financial services and utilities sectors. Prior to joining Hermes EOS, Rochelle worked for a prominent Australian-based corporate advisory firm providing transaction and forensic accounting services. She has worked extensively with distressed businesses and specialised in restructuring and corporate recovery, where she gained hands-on experience across sectors ranging from retail, property, hotel & leisure, agriculture & farming, through to banking & securities. Rochelle is a qualified chartered accountant and holds a degree in Commerce-Accounting and diploma in Business Administration from Macquarie University. She also holds the CFA’s Investment Management Certificate.

Nina Röhrbein – Reporting and Communications

Nina Röhrbein focuses on client and external reporting and communications. Before joining Hermes EOS, she was the senior staff writer at Investment & Pensions Europe where she wrote extensively about pension legislation, asset management and environmental, social and governance issues across various jurisdictions. Prior to that, she was a reporter at Argus Media, covering global energy markets. She holds an MA in Newspaper Journalism from Nottingham Trent University and a BA Honours degree in English Literature and Linguistics from the University of Central Lancashire. She is fluent in English and German.

Lucy Saville – Client Relations

Lucy Saville works in Hermes EOS’ Business Development and Client Service team. She has three years of account management experience, having previously led client services for a specialist recruitment company working with the top 100 law firms. Prior to that, Lucy was an account manager of major advertising agencies for a business insights provider. She has also worked as a researcher and features editor in marketing for the UK and US markets. She has a BA Honours degree in History of Art from Manchester.